TRADING REPORT
September 9, 2016
Two securities advanced, one declined and five traded firm as 44,563 shares traded on the Regular Market, with a total value of $429,388.08. Massy Holdings Limited was the volume leader trading 22,277 shares at $14.00 to close down fifty ($0.50) cents. They were followed by Goddard Enterprises Limited and Insurance Corporation of Barbados Limited which traded 11,791 and 3,386 shares respectively.
Regular Market
Security / Volume / High / Low / MarketPrice / Advance/
Decline
Massy Holdings Limited / 22,277 / $14.00 / $14.00 / $14.00 / -$0.50
Goddard Enterprises Limited / 11,791 / $8.31 / $8.29 / $8.30 / $0.01
Insurance Corporation Of Barbados Limited / 3,386 / $3.30 / $3.30 / $3.30 / $0.05
Fortress C'bean Property Fund - Dev Fund / 2,000 / $0.15 / $0.15 / $0.19 / $0.00
Fortress C'bean Property Fund - Val Fund / 1,662 / $0.52 / $0.52 / $0.52 / $0.00
Sagicor Financial Corporation Limited / 1,599 / $1.85 / $1.85 / $2.00 / $0.00
Cave Shepherd and Company Limited / 1,279 / $3.50 / $3.20 / $3.20 / $0.00
Barbados Farms Limited / 569 / $0.30 / $0.30 / $0.50 / $0.00
Fixed Income Market
Security / VolumeBarbados Government Debenture 6.125% 2021 / 1,000
Barbados Government Debenture 6.875% 2023 / 1,000
Barbados Government Debenture 7% 2023 / 1,000
Barbados Government Debenture 7.125% 2026 / 1,000
Barbados Government T/Note 6.25% 2018 / 1,000
Deposit Receipts
Security / Previous Close / Current Close / Advance/Decline
EMERA DEPOSIT RECEIPT / $18.48 / $18.30 / -$0.18
Effective October 8th, 2012, the market price of a security listed on the board of the BSE will only change if a quantity of shares traded (in a single trade) is greater than or equal to the threshold amount (volume limit) as stated in the table below.
ABV INVESTMENTS INCORPORATED / 3,500 / EMERA (CARIBBEAN) INCORPORATED / 1,000
BANKS HOLDINGS LIMITED / 4,000 / EMERA (CARIBBEAN) INCORPORATED 5.5% Pref / 100
BARBADOS DAIRY INDUSTRIES LIMITED / 300 / EMERA DEPOSIT RECEIPT / -
BARBADOS FARMS LIMITED / 1,500 / SAGICOR FINANCIAL CORPORATION 6.5% Pref / 7,500
BICO INDUSTRIES LIMITED / 100 / SAGICOR FINANCIAL CORPORATION LIMITED / 10,000
CABLE & WIRELESS (BARBADOS) LIMITED / 9,000 / THE WEST INDIES RUM DISTILLERY LIMITED / 300
CAVE SHEPHERD & COMPANY LIMITED / 1,500 / WEST INDIA BISCUIT COMPANY LIMITED / 300
FIRSTCARIBBEAN INTERNATIONAL LIMITED / 10,000 / JMMB GROUP LIMITED / 10,000
FORTRESS CARIBBEAN PROPERTY - DEV FUND / 3,500 / MASSY HOLDINGS LIMITED / 6,500
FORTRESS CARIBBEAN PROPERTY - VALUE FUND / 3,500 / ONE CARIBBEAN MEDIA LIMITED / 4,000
GODDARD ENTERPRISES LIMITED / 3,500 / TRINIDAD CEMENT LIMITED / 10,000
INSURANCE CORPORATION OF BARBADOS LIMITED / 2,500 / ROYAL FIDELITY TIGRS A3 FUND / 100
INDICES
September 9, 2016 / September 8, 2016
Local / 2,539.78 / 2,538.71 / 1.07
Cross-list / 1,382.05 / 1,411.72 / (29.67)
Composite / 644.08 / 647.66 / (3.58)
MARKET CAPITALISATION (in millions) / TODAY'S TRADING / LAST TRADING / CHANGES
September 9, 2016 / September 8, 2016
Local / 6,093.32 / 6,091.16 / 2.15
Cross-list / 2,276.30 / 2,325.18 / (48.87)
Composite / 8,369.62 / 8,416.34 / (46.72)
MUTUAL FUNDS
September 9, 2016ENDED / NAME OF FUND / NAV / OFFER / BID / NAV CHANGE
02-Sep-16 / REPUBLIC CAPITAL GROWTH FUND / w / 1.5833 / 0.0060
02-Sep-16 / REPUBLIC INCOME FUND -* / w / 1.5752 / 0.0011
02-Sep-16 / REPUBLIC PROPERTY FUND / w / 1.2731 / 0.0001
02-Sep-16 / FORTRESS CARIBBEAN GROWTH FUND / w / 5.0889 / 5.0889 / 5.0889 / 0.0082
02-Sep-16 / FORTRESS HIGH INTEREST FUND - ACC. / w / 1.9086 / 0.0001
02-Sep-16 / FORTRESS HIGH INTEREST FUND - DIST. / w / 1.0183 / 0.0001
31-Jul-16 / ROYAL FIDELITY SELECT BALANCED FUND / m / 4.9284 / 4.9284 / 4.2980 / 0.0549
31-Jul-16 / ROYAL FIDELITY STRATEGIC GROWTH FUND / m / 0.8585 / 0.8585 / 0.8413 / 0.0127
31-Jul-16 / ROYAL FIDELITY PREMIUM INCOME FUND / m / 1.5378 / 1.5378 / 1.5070 / 0.0072
02-Sep-16 / SAGICOR GLOBAL BALANCED FUND / w / 2.34 / 0.00
02-Sep-16 / SAGICOR SELECT GROWTH FUND / w / 1.27 / 0.00
02-Sep-16 / SAGICOR PREFERRED INCOME FUND -* / w / 1.07 / 0.00
* Indicates the Fund is currently ex-div
NOTES: QUOTATIONS AND NET ASSET VALUE PER SHARE ARE SUPPLIED BY THE FUND MANAGEMENT. THE OFFERING PRICE INCLUDES NET ASSET VALUE PLUS ENTRY COSTS.
m = monthly valuation, q = quarterly valuation, w = weekly
NEWS
*********************************
ANNUAL GENERAL MEETING
JMMB Group Limited - Notice is hereby given that the Annual General Meeting of the Shareholders of the Company will be held on September 21st, 2016 at the Jamaica Pegasus Hotel, Grand Jamaican Suite, 81 Knutsford Boulevard, Kingston 5, Jamaica.
PUT THROUGH NOTICE
Put-through – Republic Finance & Trust (Barbados) Corporation would like to announce that the put-through of 40,000 shares in Goddard Enterprises Limited at $8.33 set to take place on September 12th, 2016.
Put-through – Sagicor Asset Management Incorporated would like to announce that the put-through of 18 shares in Massy Holdings Limited at $16.50 set to take place on September 13th, 2016.
TRADING SUSPENSION
The Barbados Stock Exchange (BSE) wishes to advise that, as a result of the approved amalgamation of Emera (Caribbean) Incorporated and Emera (Caribbean) (2016) Incorporated, trading in the security - Emera (Caribbean) Incorporated - has been suspended with immediate effect. Please be advised that the trading suspension does not pertain to Emera Caribbean Incorporated 5.5% Preference shares.
8th Avenue Belleville, ST. MICHAEL. BARBADOS. TEL:436-9871/72 FAX 429-8942 website: www.bse.com.bb /SHARE SUMMARY INFORMATION /
Friday September 9, 2016 /
Company / Last Trade Date / Volume / High / Low / Last Close / Current Close / Price Change / Bid Price / Ask Price / Bid Size / Ask Size /
ABV Investments Incorporated / 18-Aug-16 / $0.02 / $0.02 / $0.02 / $0.15 / 87,000 / 12,000
BICO Limited / 31-Aug-16 / $2.05 / $2.05 / $2.05 / 1,080
Banks Holdings Limited / 08-Sep-16 / $7.10 / $7.10 / $7.10 / 150,987
Barbados Dairy Industries Limited / 23-Aug-16 / $1.88 / $1.88 / $1.88 / $5.25 / 2,288 / 20,295
Barbados Farms Limited / 09-Sep-16 / 569 / $0.30 / $0.30 / $0.50 / $0.50 / $0.00 / $0.30 / $0.40 / 10,962 / 4,098
Cable and Wireless Barbados Limited / 31-Aug-16 / $2.66 / $2.66 / $2.60 / $2.66 / 644 / 9,148
Cave Shepherd and Company Limited / 09-Sep-16 / 1,279 / $3.50 / $3.20 / $3.20 / $3.20 / $0.00 / $3.50 / $3.68 / 9,682 / 4,121
FirstCaribbean International Bank / 15-Aug-16 / $2.05 / $2.05 / $2.10 / $2.25 / 10,000 / 8,477
Fortress Caribbean Property Fund - Dev Fund / 09-Sep-16 / 2,000 / $0.15 / $0.15 / $0.19 / $0.19 / $0.00 / $0.15 / $0.19 / 18,000 / 14,286
Fortress Caribbean Property Fund - Value Fund / 09-Sep-16 / 1,662 / $0.52 / $0.52 / $0.52 / $0.52 / $0.00 / $0.52 / $0.59 / 32,861 / 14,286
Goddard Enterprises Limited / 09-Sep-16 / 11,791 / $8.31 / $8.29 / $8.29 / $8.30 / $0.01 / $8.29 / 1,269
Insurance Corporation Of Barbados Limited / 09-Sep-16 / 3,386 / $3.30 / $3.30 / $3.25 / $3.30 / $0.05 / $3.27 / $4.00 / 1,000 / 5,000
JMMB Group Limited / 14-Jul-16 / $0.15 / $0.15 / $0.15 / 1,000
Emera (Caribbean) Incorporated 5.5% Pref / 17-Jun-16 / $6.00 / $6.00 / $3.15 / 131
Emera (Caribbean) Incorporated *+* / 03-Feb-16 / $33.30 / $33.30
Massy Holdings Limited / 09-Sep-16 / 22,277 / $14.00 / $14.00 / $14.50 / $14.00 / -$0.50 / $13.50 / $14.00 / 625 / 8,734
One Caribbean Media Limited / 07-Sep-16 / $7.00 / $7.00 / $3.05 / $7.00 / 3 / 109,967
Sagicor Financial Corporation Pref 6.5% / 23-Jun-16 / $2.26 / $2.26
Sagicor Financial Corporation Limited / 09-Sep-16 / 1,599 / $1.85 / $1.85 / $2.00 / $2.00 / $0.00 / $1.81 / $1.85 / 5,400 / 17,158
The West Indies Rum Distilleries Limited / 24-Aug-16 / $8.00 / $8.00 / $8.00 / 18,115
Trinidad Cement Limited / 18-Aug-16 / $0.80 / $0.80 / $0.80 / $0.85 / 850 / 37,361
West India Biscuit Company Limited / 22-Jun-16 / $14.20 / $14.20 / $14.40 / 350
Emera Deposit Receipt / $18.48 / $18.30 / -$0.18 / $18.50 / 25,000
TOTAL SHARES BOUGHT & SOLD / 44,563
Junior Market
Royal Fidelity TIGRS A3 Fund / 18-Dec-13 / $10.00 / $10.00 / $10.50 / 100
TOTAL SHARES BOUGHT & SOLD / -
Fixed Income
Barbados Government Debenture 6.125% 2021 / 09-Sep-16 / 1,000 / $101.00 / $101.00 / $101.00
Barbados Government Debenture 6.875% 2023 / 09-Sep-16 / 1,000 / $102.90 / $102.90 / $102.90 / $103.00 / 30,000
Barbados Government Debenture 7% 2023 / 09-Sep-16 / 1,000 / $104.00 / $104.00 / $104.00
Barbados Government Debenture 7% 2027 / $104.00 / 50,000
Barbados Government Debenture 7.125% 2026 / 09-Sep-16 / 1,000 / $104.50 / $104.50 / $104.50
Barbados Government Debenture 7.25% 2026 / 06-May-16 / $103.00 / 30,000
Barbados Government Debenture 7.375% 2027 / 06-May-16 / $104.00 / 20,000
Barbados Government Debenture 7.50% 2026 / 13-Jul-16 / $106.00 / 78,000
Barbados Government T/Note 6% 2016 / 05-Apr-16 / $101.00 / 35,000
Barbados Government T/Note 6% 2017 / 30-Jun-16 / $105.00 / 296,000
Barbados Government T/Note 6.25% 2018 / 09-Sep-16 / 1,000 / $104.50 / $104.50 / $104.50
Barbados Government T/Note 6.5% 2019 / 29-Jan-16 / $106.00 / 150,000
Barbados Government T/Note 6.625% 2019 / 18-Apr-16 / $106.00 / 28,000
TOTAL SHARES BOUGHT & SOLD / 5,000
* = Security is Trading X-Div
*+* = Security is Suspended
** = Rights Issued
Week in Review
This week, the Regular Market traded a total volume of 87,594 shares. The top three companies traded were Massy Holdings Limited with 42,463, Goddard Enterprises Limited with 13,291 and Insurance Corporation of Barbados Limited with 8,986 shares.
Regular Market
Security / VolumeMASSY HOLDINGS LIMITED / 42,463
GODDARD ENTERPRISES LIMITED / 13,291
INSURANCE CORPORATION OF BARBADOS LIMITED / 8,986
BANKS HOLDINGS LIMITED** / 7,736
CAVE SHEPHERD & COMPANY LIMITED / 6,318
SAGICOR FINANCIAL CORPORATION LIMITED / 3,500
FORTRESS CARIBBEAN PROPERTY FUND - DEVELOPMENT FUND / 2,000
FORTRESS CARIBBEAN PROPERTY FUND - VALUE FUND / 1,662
BARBADOS FARMS LIMITED / 1,138
ONE CARIBBEAN MEDIA LIMITED / 500
** It should be noted that these transactions represent the trades pursuant to SLU Beverages Limited's offer for Banks Holdings Limited.
Block Trade Market
Security / VolumeGODDARD ENTERPRISES LIMITED / 2,132,546
Fixed Income Market
Security / VolumeBARBADOS GOVERNMENT DEBENTURE 6.875% 2023 / 6,000
BARBADOS GOVERNMENT DEBENTURE 6.125% 2021 / 1,000
BARBADOS GOVERNMENT DEBENTURE 7% 2023 / 1,000
BARBADOS GOVERNMENT DEBENTURE 7.125% 2026 / 1,000
BARBADOS GOVERNMENT T/NOTE 6.25% 2018 / 1,000
INDICES
TODAY'S TRADING / LAST TRADING / CHANGES
September 9, 2016 / September 2, 2016
Local / 2,539.78 / 2,540.63 / (0.85)
Cross-list / 1,382.05 / 1,411.72 / (29.67)
Composite / 644.08 / 648.02 / (3.94)
MARKET CAPITALISATION (in millions)
TODAY'S TRADING / LAST TRADING / CHANGES
September 9, 2016 / September 2, 2016
Local / 6,093.32 / 6,094.68 / (1.36)
Cross-list / 2,276.30 / 2,325.18 / (48.87)
Composite / 8,369.62 / 8,419.85 / (50.24)
BARBADOS STOCK EXCHANGE INC.
8th Avenue, Belleville, ST. MICHAEL. BARBADOS. / TEL:436-9871/72 FAX 429-8942
Advancers/ Decliners for the Week Ending : / September 9th, 2016 / WEBSITE: www.bse.com.bb
SECURITY / LAST / THIS
LAST / WEEK'S / WEEK'S / WEEK'S / WEEK'S / WEEK'S
TRADING DATE / VOLUME / CLOSE / CLOSE / CHGE / HIGH / LOW
mm.dd.yyyy
ABV Investments Incorporated / 08.18.2016 / - / 0.02 / 0.02 / - / - / -
BICO Limited / 08.31.2016 / - / 2.05 / 2.05 / - / - / -
Banks Holdings Limited / 09.08.2016 / 7,736 / 7.10 / 7.10 / - / 7.10 / 7.10
B'dos Dairy Industries Limited / 08.23.2016 / - / 1.88 / 1.88 / - / - / -
B'dos Farms Limited / 09.09.2016 / 1,138 / 0.50 / 0.50 / - / 0.30 / 0.30
Cable & Wireless (B'dos) Limited / 08.31.2016 / - / 2.66 / 2.66 / - / - / -
Cave Shepherd & Company Ltd. / 09.09.2016 / 6,318 / 3.45 / 3.20 / (0.25) / 3.50 / 3.20
FirstCaribbean International Bank / 08.15.2016 / - / 2.05 / 2.05 / - / - / -
Fortress Caribbean Property Fund - Dev Fund / 09.09.2016 / 2,000 / 0.19 / 0.19 / - / 0.15 / 0.15
Fortress Caribbean Property Fund - Val Fund / 09.09.2016 / 1,662 / 0.52 / 0.52 / - / 0.52 / 0.52
Goddard Enterprises Limited / 09.09.2016 / 13,291 / 8.29 / 8.30 / 0.01 / 8.31 / 8.29
Insurance Corporation of B'dos Ltd. / 09.09.2016 / 8,986 / 3.25 / 3.30 / 0.05 / 3.30 / 3.26
JMMB Group Limited / 07.14.2016 / - / 0.15 / 0.15 / - / - / -